Today, cryptocurrency has become a global phenomenon known to most people. But still many people do not understand what is cryptocurrency. Banks, governments, and many companies are aware of the importance of cryptocurrency. By 2016, you will find it difficult to find large banks, large accounting firms, leading software companies or governments that do not research cryptocurrency, publish papers on it or start what is called a blockchain project. The rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is FUZEX
Many cryptocurrencies have been launched in the market but i will be introducing you to a visionary project that comes to life in the form of ICO's the FUZEX project which has given users access cryptocurrency payments where we can pay anytime, anywhere using existing payment networks.
FuzeX is a project with the aim to revolutionize the way we pay. They are creating an e-card, where one can store all cards (credit, debit, reward cards) in only one card. They will be also integrating cryptocurrency which can allow you to pay in real stores by using the FuzeX card. They are currently working on a prototype and some videos(Check above) showing how the FuzeX card might look like as well as how it will work. Please watch the video above to get a better image of this project.
The real-world usability problems associated with cryptocurrencies have encouraged a number of companies to tackle this challenge. This particular challenge is a worthy cause as real-world usability is a major hurdle in establishing cryptocurrency’s legitimacy as a reliable and widely adoptable form of payment. Many of the contenders in this space have approached it with prepaid card solutions. While a logical approach, use cases can be limited to just a couple cryptocurrencies and acceptance by a limited number of merchants, thus, hampering adoption.
FuzeX is looking beyond. It seeks to deliver an innovative user experience as well as solve the cryptocurrency acceptance problem by introducing the FuzeX Ecosystem. There is a whole ecosystem built by the FuzeX Card, the FuzeX Wallet and the Fuzex Exchange. In the personal ecosystem you can associate to the cardnup to 15 cryptocurrency’s wallets, up to 10 debit/credit cards, and 5 discount/bonus cards. The cryptocurrency, FIAT exchange is done in real time with help from the FuzeX Exchange, so you can use your card anywhere anytime you want. Make spending all forms of currency (fiat, rewards, cryptocurrency), user and merchant friendly. You open your wallet and there they are: BTC, ETH, DASH, NEO, SALT etc.
FUZEX AND BLOCKCHAIN TECHNOLOGY
The FuzeX Blockchain enables real time exchange and functions as our backend support for our FuzeX Ecosystem. Armed with the technical know-how of engineers, blockchain specialists, programmers along with experienced marketing and business developers, the FuzeX’s team is dedicated to bringing future technology and solutions today. Apart from the usual magnetic strip and chip, this card also includes a small low energy screen, three buttons for some controls and a battery, Safety is the keyword this days and FuzeX didn’t want to stay behind, so they provide some features like two factor authentication both on the card with a PIN as in your mobile with an App password. There is also an option to connect your card directly to your phone thru Bluetooth and the card will only work if this connection is available. As said before you get a small display screen on your card, where you can see your digital resources and balance.
The FuzeX ecosystem includes:
The FuzeX Card.
The FuzeX Wallet.
The FuzeX card is identical in size and thickness with a standard credit or debit card with the only difference that it has three input / option buttons.
Drawing from experience and expertise in having already successfully developed, brought to market, and sold and shipped (magnetic stripe and barcode enabled) 30,000 FuzeX Cards, the smart e-card that enables users to imbed up to 30 credit, debit, or rewards cards in one, the FuzeX Card will in addition offer multiple cryptocurrencies.
The Ultimate Smart All-in-One credit, debit, rewards, and cryptocurrencies e-Card Imbed 30 credit, debit, rewards, and cryptocurrency accounts EMV, NFC, Magnet Stripe, QR Code, and Bar Code for payment options E-paper display to view balances
• Built in buttons on the FuzeX card for authorization, security, confirmation, and payment selection
Once users have connected their various accounts to the FuzeX Ecosystem through the FuzeX Wallet app, users will be able to use their FuzeX card without having to pull out their smartphones. FuzeX card will also serve for receiving payments! The E-Parer display screen can also be used to display QR codes for your configurated cryptocurrency wallets. Android and iOS applications will also be available in order to use your smartphone as a complement to the FuzeX card. You can monitor transactions, top up the security levels and will also be available some discounts/bonus to the users.
This is the hub for the FuzeX card and accounts management, this app allows users to store, spend, receive, and transfer tokens with the real-time exchange rate clearly displayed.
PAYMENT MADE FASTER WITH THE FUZEX ECOSYSTEM
Choose your desired cryptocurrency on your FuzeX Card. Then view your account balance and real-time conversion rate in fiat (conventional) currency.
Hand over your FuzeX Card to the Merchant. The Merchant then inserts your FuzeX Card as normal and the POS terminal sends a request to the relevant Issuer.
The Issuer instantly checks your account for sufficient fiat funds via the FuzeX Exchange. If there are sufficient funds, the payment is authorized. If not, then the payment is declined.
The Merchant receives payment authorization and the payment is complete. You then receive a courtesy purchase summary via your FuzeX Wallet.
THE UNIQUENESS OF FUZEX
The Future Payment
ANYTIME, ANYWHERE: Real-time exchange rates mean that you can spend your cryptocurrency anytime, anywhere you like.
SIMPLE: Cycle through your cyrptocurrency, debit,credit and reward accounts on the E-Paper display to select your method of payment.
CLEVER: Store up to 15 cryptocurrency accounts,10 credit or debit cards and 5 reward cards all in one clever e-card.
SECURE: Two-factor authentication,loss prevention and an on-card key code give you the peace of mind to spend securely.
This is how the card is build with its components:
FOR MORE INFORMATION PLEASE VISIT THE LINKS I HAVE PROVIDED BELOW;
Facebook : https://www.facebook.com/fuzex.co
Twitter : https://twitter.com/fuzex_co
Telegram : https://t.me/FuzeX
Medium : https://medium.com/fuzex
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409